Essays & News

A better law is welcome. But if legal text can’t tie a government’s hands, the fix has to be structural, not textual. On August 26, Argentina’s Chamber of Deputies approved a sweeping rewrite of the BCRA’s charter, 144 votes to 102, with 9 abstentions. The bill now moves to the Senate. It would bar the […]

  Public universities suffer from a serious disease: what Milton and Rose Friedman called the tyranny of the status quo. Public universities are direct beneficiaries of central government subsidies that cover staff costs and operating expenses. Only a small portion of these subsidies are performance-based; the remaining part simply covers costs and losses. For instance, […]

  The Alternative fur Deutschland (AfD) won some 44 percent of the vote in the election for the regional parliament of Saxony-Anhalt. The AfD is labeled “populist” and “right-wing” by most media and is marginalized by all other political parties in Germany. The German domestic intelligence service, which depends directly on the chancellor, has declared […]

  “I don’t think that we should have billionaires because, frankly, it is so much money in a moment of such inequality, and ultimately, what we need more of is equality across our city and across our state and across our country.” Zohran Mamdani, mayor of New York Above all, it was Ludwig von Mises […]

  The power dynamics within the European Union are changing. For many years, the Franco-German axis was the principal driver of European integration and of the continent’s economic and political progress. Following a prolonged period of tension that produced several wars, the friendship between Germany and France became fundamental to Europe’s success after World War […]